Texas Roadhouse (TXRH) FY2013 results: revenue $1.4 billion, up 12.6% on the year
Texas Roadhouse, Inc. (TXRH) reported revenue of $1.4 billion for fiscal 2013, the year ended 31 December 2013, up 12.6% on the year before. Net income was $80 million, up 13.0%, and diluted earnings per share $1.13. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$1.4 billion
+12.6% on the year
FY2009FY2013
Operating margin
8.4%
8.7% a year earlier
FY2009FY2013
Net income
$80 million
+13.0% on the year
FY2009FY2013
Diluted EPS
$1.13
+13.0% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,423
1,263
1,109
+12.6%
Operating income
120
110
95.2
+8.4%
Operating margin
8.4%
8.7%
8.6%
Interest expense
2.2
2.3
2.4
-6.2%
Pre-tax income
118
109
93.2
+8.9%
Income tax
34.1
34.7
26.8
-1.7%
Effective tax rate
28.9%
32.0%
28.7%
Net income
80.4
71.2
64.0
+13.0%
Net margin
5.7%
5.6%
5.8%
Diluted EPS
$1.13
$1.00
$0.88
+13.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
174
148
136
+17.4%
Capital expenditure
111
87.0
79.7
+28.2%
Free cash flow
62.4
61.1
56.8
+2.1%
Free cash flow margin
4.4%
4.8%
5.1%
Depreciation and amortisation
51.6
46.7
42.7
+10.4%
Share-based compensation
14.7
13.2
10.5
+11.7%
Buybacks
12.8
29.4
59.1
-56.6%
Dividends paid
46.9
24.5
17.0
+91.4%
Dividend per share
$0.48
$0.27
$0.24
+77.8%
Diluted shares, weighted
71m
71m
72m
-0.2%
Shares outstanding at period end
70m
69m
69m
+2.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
588
525
492
+11.9%
Non-controlling interest
6.2
5.7
3.9
+9.7%
Debt
51.2
51.3
61.9
-0.1%
Other liabilities
233
209
183
+11.1%
Total liabilities and equity
878
791
741
+10.9%
Fixed assets
586
532
497
+10.3%
Goodwill
117
113
111
+3.3%
Intangible assets
7.9
9.3
9.0
-15.0%
Cash and equivalents
94.9
81.7
78.8
+16.1%
Receivables
25.4
16.4
11.5
+54.7%
Inventory
12.0
10.9
10.7
+9.6%
Other assets
34.2
27.8
22.5
+22.7%
Total assets
878
791
741
+10.9%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.